Janney Montgomery Scott LLC Has $2.88 Million Stake in Dover Corp (DOV)

Janney Montgomery Scott LLC lessened its stake in shares of Dover Corp (NYSE:DOV) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,536 shares of the industrial products company’s stock after selling 4,163 shares during the period. Janney Montgomery Scott LLC’s holdings in Dover were worth $2,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont grew its position in Dover by 0.9% in the 4th quarter. Trust Co. of Vermont now owns 14,585 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 124 shares in the last quarter. Raymond James Trust N.A. grew its position in Dover by 5.6% in the 4th quarter. Raymond James Trust N.A. now owns 2,962 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 158 shares in the last quarter. Fulton Bank N.A. grew its position in Dover by 3.4% in the 4th quarter. Fulton Bank N.A. now owns 4,946 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 162 shares in the last quarter. Dupont Capital Management Corp grew its position in Dover by 1.3% in the 4th quarter. Dupont Capital Management Corp now owns 21,959 shares of the industrial products company’s stock valued at $1,558,000 after acquiring an additional 278 shares in the last quarter. Finally, Private Capital Group LLC grew its position in Dover by 252.2% in the 4th quarter. Private Capital Group LLC now owns 398 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Several equities analysts have weighed in on the company. SunTrust Banks lifted their target price on Dover to $91.00 and gave the company a “hold” rating in a research report on Wednesday, January 30th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of Dover in a research report on Tuesday, January 29th. UBS Group raised Dover from a “neutral” rating to a “buy” rating and set a $76.35 target price for the company in a research report on Thursday, January 10th. Barclays dropped their target price on Dover from $97.00 to $93.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Finally, Zacks Investment Research downgraded Dover from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $89.18.

In related news, VP William Spurgeon sold 13,102 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $87.19, for a total transaction of $1,142,363.38. Following the completion of the sale, the vice president now owns 6,393 shares in the company, valued at $557,405.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ivonne M. Cabrera sold 7,272 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $88.23, for a total value of $641,608.56. Following the sale, the insider now owns 12,908 shares of the company’s stock, valued at approximately $1,138,872.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,737 shares of company stock valued at $2,866,105. Corporate insiders own 2.60% of the company’s stock.

Shares of Dover stock opened at $90.01 on Wednesday. Dover Corp has a one year low of $65.83 and a one year high of $90.46. The stock has a market cap of $12.79 billion, a PE ratio of 18.11, a P/E/G ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.37 and a quick ratio of 0.96.

Dover (NYSE:DOV) last announced its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.14. Dover had a return on equity of 24.90% and a net margin of 7.84%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Dover Corp will post 5.75 earnings per share for the current year.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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